Madison Systems Inc. -- Stanmac Broadband Inc. Press Release

Madison Systems Inc.

PR89530

 

TORONTO, May 17, 2021 /PRNewswire=KYODO JBN/--

 

Madison Systems Inc. (MADI-OTC NASDAQ) and Stanmac Broadband Inc. (SBI) update

our future role in the delivery of our proprietary and patented broadband

technology (6 to 8 years ahead of the industry) in partnership with an

associate company, Infinity Internet Solutions. The number of subscribers on

the East Prairie project has been increasing steadily, lives have changed

completely, they are ecstatic and the ISED (Innovation, Science and Economic

Development) of Canada is approving additional licenses to further expand our

reach to communities, currently lacking access to high-speed broadband.

 

During the Covid-19 pandemic, we have seen an unparalleled reliance on

high-speed internet. Students (for schooling), people (working from home),

every business has had to adapt and join the online marketplace, it's the way

of the future growth of businesses. Unfortunately, millions of people in Canada

and the USA do not have access to this basic essential service. In 2017,

Canadian census reported that 37 percent of rural households and 24 percent of

Indigenous households in Canada lacked high-speed broadband access. In the USA,

approximately 30 million Americans lack high-speed broadband.  Demand is

extraordinary and through strategic partnerships, numerous spectrum licenses

and unparalleled patented technology, Madi/SBI is positioned to supply

affordable, reliable broadband and bridge the digital divide.

 

Our patented Connect Gen systems deliver broadband through the UHF spectrum

providing internet, TV, telephone, and security without interruption or

interference. Each Connect Gen system provides high-speed broadband with speeds

of 100 to 200Mbps and supplies subscribers in a radius up to 60km from our

tower without line-of-sight. Connect Gen systems are engineered, tested and

field proven utilizing DOCSIS 3 and Channel Bonding to provide unrivaled

capabilities, reaching rural/remote communities (of 20,000 plus homes &

businesses).

 

Madi/SBI has an aggressive expansion plan for Canada/USA for 2021 and 2022. Our

goal is to install up to 20 systems by the end of the year in rural and remote

communities in need; including Indigenous communities, small towns and remote

summer and winter homes. Rapid growth and implementation of our Connect Gen

systems is our goal, and with licenses allowing us to utilize existing tower

infrastructure, we are positioned to achieve these goals.

 

The Ontario and Federal Governments has recently released their 2021 budget

which included up to $6 billion in rural internet infrastructure funding.

Madi/SBI and Infinity Internet Solutions plan on expanding through it's ability

to supply high speed broadband service across northern Canada allowing remote

Canadians to access reliable internet. While the big telecom companies continue

to under-serve rural and remote areas across Canada and Northern US states,

Madi/SBI utilizing the new patented high-speed broadband technology are

dedicated to connecting these communities with affordable and dependable

broadband, encouraging cultural sustainability and essential community growth.

 

Future growth into the US market will be pursued as part of Madi/SBI mandate.

With nearly 30 million Americans without access and a $100 billion pledge by

the US Government to expand access to all Americans over the next 8 years, the

opportunity for expansion is endless, and Madi/SBI will pursue all

opportunities.  

 

Don McNally

President/CEO,

 

Please catch up with us and read our first two press releases; Oct 2nd, 2018

and Apr 13th, 2021

 

This press release may include forward-looking information within the meaning

of OTC Markets Pink Guidelines, concerning the business and trading in the

common stock of Madison Systems Inc. (MADI-OTC NASDAQ) such information is

based on assumptions made by the company's management. Although the company

believes these assumptions are reasonable, undue reliance should not be placed

on the forward-looking information because the company can give no assurance

that they will prove correct. These forward-looking statements are made as of

the date of the press release and the company disclaims any obligation to

update publicly any forward-looking information, other than required by

applicable securities law.

 

The OTC Markets has not reviewed, approved, or disapproved the content of this

press release.

 

For further info call:

Don McNally

Pres/CEO

+1-289-500-3717 or e-mail;

madidon17@gmail.com  brandon@madisonsystemsinc.com media,

torin@stanmacbroadbandinc.com investors relations

 

SOURCE: Madison Systems Inc.  

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